Hi dear traders .
after a nice bearish impulsive move a retracement was expected ,so the price has done it nicely and it is currently below 50% of fibo .on the other hand price has met the daily support which is align with 61.8 % of fibo .
so we can expect another probable bearish impulse from this confidence area .
so we have to monitor price action on 4H to give us a nice entry .
Thanks for your time .
This is my point of view of current market , and you can analyze the chart before taking any action .
let me know your comment below and leave me a like if it was useful
after a nice bearish impulsive move a retracement was expected ,so the price has done it nicely and it is currently below 50% of fibo .on the other hand price has met the daily support which is align with 61.8 % of fibo .
so we can expect another probable bearish impulse from this confidence area .
so we have to monitor price action on 4H to give us a nice entry .
Thanks for your time .
This is my point of view of current market , and you can analyze the chart before taking any action .
let me know your comment below and leave me a like if it was useful
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.